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Why Do Corporations Become Criminals? An Agency Explanation

Author

Listed:
  • Alexander, C.R.
  • Cohen, M.A.

Abstract

This paper presents empirical evidence on why firm become corporate criminals. We investigate the relationship between corporate ownership structure and the prior probability of observing corporate crime.

Suggested Citation

  • Alexander, C.R. & Cohen, M.A., 1996. "Why Do Corporations Become Criminals? An Agency Explanation," Papers 96-07, U.S. Department of Justice - Antitrust Division.
    • Handle: RePEc:fth:usjuat:96-07
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    Cited by:

    1. Alexander, Cindy R. & Cohen, Mark A., 1999. "Why do corporations become criminals? Ownership, hidden actions, and crime as an agency cost," Journal of Corporate Finance, Elsevier, vol. 5(1), pages 1-34, March.

    More about this item

    Keywords

    ENTERPRISES; CRIMES; LAW;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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